| In this video, we analyze the recent price action of USD/JPY and discuss the upcoming factors that could influence the pair's movement as the week comes to a close. Join us as we explore key levels and potential scenarios. Yesterday, USD/JPY sellers attempted to push prices lower, breaking below a swing area near 133.876. However, their momentum could not be sustained, leading to a bounce back higher in today's trading session. As a result, the pair has returned to the comfort zone of the 100/200-hour moving averages. With the upcoming release of the Michigan Consumer Confidence data at 10 AM, traders are closely watching for the impact it may have on USD/JPY. Stay tuned as we analyze the potential next moves for the pair. |
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